Natan Israeli Sells 16,631 Shares of Kaltura (NASDAQ:KLTR) Stock

Kaltura, Inc. (NASDAQ:KLTR) insider Natan Israeli sold 16,631 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $1.52, for a total transaction of $25,279.12. Following the completion of the transaction, the insider owned 2,077,766 shares of the company’s stock, valued at approximately $3,158,204.32. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Natan Israeli also recently made the following trade(s):

• On Wednesday, June 3rd, Natan Israeli sold 200 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction of $300.00.
• On Monday, June 1st, Natan Israeli sold 22,877 shares of Kaltura stock. The stock was sold at an average price of $1.57, for a total transaction of $35,916.89.
• On Wednesday, May 27th, Natan Israeli sold 200 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction of $300.00.
• On Friday, May 22nd, Natan Israeli sold 1,836 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $2,772.36.
• On Tuesday, May 19th, Natan Israeli sold 13,229 shares of Kaltura stock. The stock was sold at an average price of $1.52, for a total transaction of $20,108.08.
• On Wednesday, May 20th, Natan Israeli sold 13,965 shares of Kaltura stock. The stock was sold at an average price of $1.52, for a total transaction of $21,226.80.
• On Monday, May 18th, Natan Israeli sold 9,829 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction of $14,743.50.
• On Friday, May 15th, Natan Israeli sold 2,933 shares of Kaltura stock. The stock was sold at an average price of $1.50, for a total transaction of $4,399.50.
• On Thursday, May 14th, Natan Israeli sold 6,334 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $9,564.34.
• On Wednesday, May 13th, Natan Israeli sold 28,882 shares of Kaltura stock. The stock was sold at an average price of $1.51, for a total transaction of $43,611.82.

Kaltura Stock Performance

Shares of Kaltura stock traded up $0.03 during trading on Thursday, hitting $1.45. The company’s stock had a trading volume of 323,062 shares, compared to its average volume of 559,828. The company has a fifty day simple moving average of $1.33 and a two-hundred day simple moving average of $1.44. The company has a market capitalization of $217.30 million, a PE ratio of -14.45 and a beta of 1.14. Kaltura, Inc. has a 52 week low of $1.06 and a 52 week high of $2.26.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Kaltura had a negative net margin of 8.25% and a negative return on equity of 35.91%. The company had revenue of $44.63 million during the quarter, compared to analyst estimates of $43.00 million.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research report on Wednesday, May 13th. Wall Street Zen downgraded shares of Kaltura from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $3.00.

Institutional Trading of Kaltura

A number of institutional investors have recently made changes to their positions in KLTR. BNP Paribas Financial Markets boosted its holdings in shares of Kaltura by 70.3% in the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after buying an additional 7,184 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Kaltura in the second quarter worth approximately $28,000. Citadel Advisors LLC purchased a new position in shares of Kaltura in the third quarter worth approximately $35,000. Acuitas Investments LLC purchased a new position in shares of Kaltura in the first quarter worth approximately $37,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Kaltura in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Kaltura Company Profile

Kaltura, Inc (NASDAQ: KLTR) is a leading provider of video technology solutions designed to empower organizations to create, manage, distribute and monetize video content at scale. The company’s cloud-native platform supports an array of use cases including enterprise communications, online learning, virtual events, media delivery and over-the-top (OTT) television services. By combining open-source roots with software-as-a-service (SaaS) flexibility, Kaltura offers organizations the ability to tailor their video workflows and integrate seamlessly with existing collaboration, learning management and content management systems.

Key offerings from Kaltura include a comprehensive video management system, live streaming and video conferencing capabilities, lecture capture for educational institutions, virtual events and webinars, and turnkey OTT solutions.